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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

INSANE: Egyptian remittances increase 1 6 - The Real Truth

Central Bank of Egypt's headquarters is seen amid the coronavirus disease (COVID-19) pandemic in downtown Cairo, Egypt February 25, 2021. REUTERS/Mohamed Abd El Ghany

The Central Bank of Egypt (CBE) said that the Egyptian remittances increased 1.6% to about $31.9 billion during fiscal year (FY) 2021/22, compared to about $31.4bn last year.

The CBE said on Tuesday that the period from April to June 2022 witnessed an increase in those transfers by 3%, to record about $8.3 billion, compared to $8.1bn in the same period in 2021.

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